Mumbai: Global IT and professional services company Accenture has paid bonuses and given promotion to a large section of its India workforce. The payouts have been made over the past few weeks to more than half its 2,00,000 employees in India across technology and business process management centres, multiple sources said.“As part of our compensation programmes, we have recognised a number of our people with bonuses and promotions,” a spokesperson said in response to ET’s query. However, Accenture did not specifically respond to a question on how many people benefitted from the bonus payout.Earlier, ET had reported that Accenture in India had decided to honour job offers made to new hires. Accenture’s decision about bonus and promotions comes at a time when several industry peers have deferred or suspended pay hikes and promotions.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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